PayPal set to go into US iGaming market

iGaming Business – Internet payment processor PayPal is about to go into into the regulated online gambling market within the US, in line with various media reports.

Although the corporate is yet to make an official announcement with reference to its plans, various reports have said that PayPal will begin processing payments for licensed online poker and casino sites within the regulated US states of Nevada, New Jersey and Delaware within the coming months.

PayPal previously announced that it will not process any online gambling transactions, a stance it has up to now upheld.

The internet payment processor currently has greater than 150 million customers around the globe and the addition of PayPal to the regulated US online gaming market could help attract new players and increase website traffic.

SOURCE

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